Answer:
B) Demand for concert decreases. As a result of the shift, ticket price decreases.
Explanation:
A shift in demand that is as a result of other factors except for price results in a shift of demand. A reduction of price as a result of the financial crises will lead to a shift of demand to the left.
Demand for cinema tickets will reduce at all price level.
Referring to the attached diagram the demand shift will result in lower quantity demanded from Q to Q2.
Also there is a reduction of equillibrum price from P to P2.
Answer:
The maximum amount of earnings subject to Social Security tax will increase by $4,200 to $147,000 in 2022. Those who earn more than $147,000 in 2022 will notice a bump in their paychecks once their earnings have surpassed the taxable maximum and they no longer have Social Security tax withheld from their salary.
Explanation:
The answer is Supplier Certification. It is<span> an important part of the total quality management system. It assures that a </span>supplier's<span> product is produced, packed, and shipped under a controlled process, resulting in consistent conformity of the requirements. In Supplier </span><span>Certification, the parts are of higher-quality, there is a better buyer/supplier relationships, lower transaction costs is achieved, & a simplified receiving of the goods occurs.</span>
Complete/Correct Question:
If a firm is evaluating two possible projects, both of which require the use of the same production facilities, and taking one project means that we cannot take the other, these projects would be considered ___.
A. Mutually exclusive
B. Interdependent
C. Independent
D. Co-dependent
Answer:
A, Mutually exclusive
Explanation:
When two events are impossible to come together or coincide, the events are called a mutually exclusive event.
In simple terms, a mutually exclusive event is one that stands alone. No other event can go alongside it.
Just like in the question, since the two projects require the use of the same production facilities, only one project can be taken up at once. This makes each of the products mutually exclusive and means that one project has to go for the other project to happen.
Cheers.
<span>Competition and the price of goods and services have a direct relationship. If there is more competition in a specific market then prices tend to lower; this is a good thing for consumers. For example; two companies are competing to sell more cell phones than their rival. If one company figures out a way to lower production costs and sales, the other will soon follow to keep up with the competition. </span>
